Compare Listings

A Reason to Invest In Turkey: Economy

A Reason to Invest In Turkey: Economy

ECONOMY

Turkey’s economic expansion has resulted in income growth and a burgeoning middle-class with increasing purchasing power. As the Turkish economy developed, it integrated with the global economy and saw a staggering increase in its volume of international transactions.

  • Booming economy; more than tripling its GDP, reaching USD 851 billion in 2017, up from USD 231 billion in 2002 (TurkStat)
  • Stable economic growth with an average annual real GDP growth rate of 5.8 percent between 2002 and 2017 (TurkStat)
  • Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2018-2019 with an average annual real GDP growth rate of 5.0 percent (OECD)
  • 13th largest economy in the world and 5th largest economy compared with the EU in 2017 (GDP at PPP, IMF WEO)
  • Institutionalized economy fueled by USD 193 billion of FDI in the last 15 years (CBRT)
  • A dynamic and mature private sector with USD 157 billion worth of exports and an increase of 335 percent between 2002 and 2017 (TurkStat)
img

Est Ist

Related posts

5 ways to get Turkish Citizenship – Turkish Citizenship by investment 2023, What are the conditions to obtain Turkish citizenship by investment? 

Turkish Citizenship by investment 2023 What are the conditions to obtain Turkish citizenship by...

Continue reading
by Est Ist

Renting out Property in Turkey

RENTING OUT YOUR TURKISH PROPERTY   Turkey is a perfect...

Continue reading
by Est Ist

Istanbul High Street Retail Market Overview

Istanbul High Street Retail Market Overview In this article we will mention about high street...

Continue reading
by Est Ist

Join The Discussion